Apple Inc’s provider Pegatron Corp plans so as to add a second manufacturing facility in India. In keeping with a report by Reuters, the Taiwanese provider is in talks to open a second India manufacturing facility, citing two sources with direct information of the matter.
As per the sources, the corporate’s second facility could come close to the southern metropolis of Chennai in Tamil Nadu state. For the unversed, Pegatron opened its first India manufacturing facility in Chennai virtually six months in the past. It then invested $150 million.
The brand new manufacturing facility, the primary supply stated, is “to assemble the newest iPhones”. The brand new manufacturing facility, it added, shall be smaller than the primary one.
Pegatron at present accounts for 10% of Apple’s iPhone manufacturing in India on an annualised foundation, analysis agency Counterpoint stated.
The Reuters report says that Pegatron declined to remark however stated, “Any acquisition of property shall be disclosed based mostly on laws.”
Apple and its key suppliers have been shifting manufacturing away from China, proudly owning to the rising commerce frictions between US and China. In recent times, Pegatron has sought to develop its footprint in Southeast Asia and North America.
In keeping with the India Mobile and Electronics Affiliation, India is seen as the following progress frontier for Apple. Round $9 billion value of smartphones have been exported from India between April 2022 and February this 12 months, and iPhones accounted for greater than 50% of that.
India is the second largest smartphone market on the planet, the place Apple additionally plans to assemble iPad tablets and AirPods.
The report says that the talks for beginning a second Pegatron facility on lease are ongoing and it will likely be positioned inside Mahindra World Metropolis close to Chennai, simply round the place the corporate inaugurated the primary plant in September 2022.
Pegatron’s deliberate funding outlay for the enlargement just isn’t instantly clear, it additional states.
A report by Reuters final week stated that Foxconn – one other key Apple provider has plans to construct a $200 million manufacturing facility in India to supply the wi-fi earphones for Apple after successful a contract. The corporate already assembles some iPhone fashions at its Tamil Nadu plant.
(With inputs from companies)
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